73
73
Apr 26, 2017
04/17
by
MSNBCW
tv
eye 73
favorite 0
quote 0
estate tax or death tax. here was chief economic adviser gary cohen just moments ago. >> we have a once in a generation opportunity to do something really big. president trump has made tax reform a priority, and we have a republican congress that wants to get it done. the president is going to seize this opportunity by leading the most significant tax reform legislation since 1986, and one of the bigax
estate tax or death tax. here was chief economic adviser gary cohen just moments ago. >> we have a once in a generation opportunity to do something really big. president trump has made tax reform a priority, and we have a republican congress that wants to get it done. the president is going to seize this opportunity by leading the most significant tax reform legislation since 1986, and one of the bigax
62
62
Mar 15, 2017
03/17
by
MSNBCW
tv
eye 62
favorite 0
quote 0
we have two tax systems, well-to-do people, you and i file -- calculate our tax twice, the regular tax system and the alternative minimum tax. if we didn't have the alternative minimum tax and donald trump in writing wants to end the alternative minimum tax he would have paid taxes at a lower rate than the bottom half of taxpayers, the the poor in this country who make less than $33,000. think about that, $153 million almost of income, he would have paid a little over $5 million less than 3.5%, less than the half of taxpayers who make under $33,000. as it is, because of the alternative minimum tax he paid $36.5 million, not the $38 the white house statement says. they're counting his self-employment tax which is payroll taxes. $36.5 million, he paid 24%. you know who pays 24% in this country? married couples with two incomes like my wife and i who make around $400,000 a year. donald trump and his wife that year made $418,000 a day. and the point of this is the top in this country, people at the top are not burdened the way we suggest. i was in -- >> let me stop you and restate some of
we have two tax systems, well-to-do people, you and i file -- calculate our tax twice, the regular tax system and the alternative minimum tax. if we didn't have the alternative minimum tax and donald trump in writing wants to end the alternative minimum tax he would have paid taxes at a lower rate than the bottom half of taxpayers, the the poor in this country who make less than $33,000. think about that, $153 million almost of income, he would have paid a little over $5 million less than 3.5%,...
123
123
Nov 2, 2017
11/17
by
MSNBCW
tv
eye 123
favorite 0
quote 1
but repealing the death tax is important to me because it's the most unfair tax in our tax code. it's a double tax. and if we're going to really get back to a tax code that helps people and doesn't harm them, that's fair, that doesn't have special provisions or penalties by us picking winners and losers. then you have to repeal the death tax. i'm excited about the provisions of this bill and people all walks of life. it's focused on bringing relief to low and middle income individuals. and also focusing on interest deductible across the state. and other provisions that will allow them to expense and bring down their rates while they're being successful in helping our economy grow again. this is a unique opportunity for me. it's a unique opportunity for you. and it's a wonderful opportunity for our country. and i'm thrilled to be part of it. >> all right. steve scalise is coming up to talk. kind of interesting. because they've latched onto this $1,182 in tax savings for a particular family in america. that would be $98.50 a month. if you have unusually high medical costs, your abi
but repealing the death tax is important to me because it's the most unfair tax in our tax code. it's a double tax. and if we're going to really get back to a tax code that helps people and doesn't harm them, that's fair, that doesn't have special provisions or penalties by us picking winners and losers. then you have to repeal the death tax. i'm excited about the provisions of this bill and people all walks of life. it's focused on bringing relief to low and middle income individuals. and also...
84
84
Sep 27, 2017
09/17
by
MSNBCW
tv
eye 84
favorite 0
quote 0
estate tax or death tax. someone has to explain, if the wrous is listening, how the president made a staumt saying this is going to be bad for him. i assume given the family money that the trump family has that repealing the estate tax is a very big win for you if you have a last name trump. also repealing the alternative minimum tax. we know from one paper of a tax return of donald trump we've always seen how much more money he would have paid if he didn't have to pay the alternative minimum tax. not saying there are problems with it. saying when donald trump says it's not going to help him i'm not sure that's true. cutting corporate tax rate to 20% from 35%. wanted to get to 15%. seems they can't do that. another topic altogether we're going to discuss. and limiting the path through business rate to 25%. take business deductions and pay the personal tax rate which is now the highest rate is 39.6 prsz percent. this is controversial, because the people who are going to benefit from this might generally speaki
estate tax or death tax. someone has to explain, if the wrous is listening, how the president made a staumt saying this is going to be bad for him. i assume given the family money that the trump family has that repealing the estate tax is a very big win for you if you have a last name trump. also repealing the alternative minimum tax. we know from one paper of a tax return of donald trump we've always seen how much more money he would have paid if he didn't have to pay the alternative minimum...
180
180
Aug 8, 2012
08/12
by
MSNBCW
tv
eye 180
favorite 0
quote 0
taxes. >> let him prove that he has paid taxes because he hasn't. >> david k. johnson will give us the details and eugene robinson is here on the politics. >>> well, seeing as how dick -- excuse me, vice president cheney never misfires -- >> dick cheney never apologized for shooting someone in the face. but sarah palin's got him running scared. >> it wasn't so much governor palin as it was a basic process being used. >> democratic strategist bob shrum will weigh in on the power of palin. >> another day, another lie. from the romney campaign. this time, it's about welfare. msnbc's jonathan alter is here with reaction. >>> governor, what did you buy? >> and mitt romney lets his true colors shine with another out of touch moment. you won't believe what the unemployed millionaire picked up at the hardware store. good to have you with us. thanks for watching. in this election cycle, every day is tax day in the 2012 presidential campaign. even when the conversation isn't about mitt romney's person
taxes. >> let him prove that he has paid taxes because he hasn't. >> david k. johnson will give us the details and eugene robinson is here on the politics. >>> well, seeing as how dick -- excuse me, vice president cheney never misfires -- >> dick cheney never apologized for shooting someone in the face. but sarah palin's got him running scared. >> it wasn't so much governor palin as it was a basic process being used. >> democratic strategist bob shrum will...
0
0.0
Dec 21, 2022
12/22
by
MSNBCW
tv
eye 0
favorite 0
quote 0
those tax returns. anyone who knows the law knows and how it has been applied knew that there was no other possible outcome to this case. from the start, chairman neal said that he wanted on trump's tax returns in order to monitor how well the irs was doing on the mandatory auditing -- tax returns filed by the united states -- vice president of the night states are supposed to be automatically audited. the most scandalous revelation so far in what chairman eel has announced is that the irs commissioner appointed by donald trump, charles rettig, simply stopped the mandatory process of auditing presidential tax returns for donald trump. >> the research that was done as it relates to the mandatory auto audit program was nonexistent.. the tax form was really never audited. it prompted a rearview mirror and response. >> chairman neal is now proposing legislation that would strengthen the mandatory auditing of presidential tax returns and right into law. you will recall that donald trump began telling the lie
those tax returns. anyone who knows the law knows and how it has been applied knew that there was no other possible outcome to this case. from the start, chairman neal said that he wanted on trump's tax returns in order to monitor how well the irs was doing on the mandatory auditing -- tax returns filed by the united states -- vice president of the night states are supposed to be automatically audited. the most scandalous revelation so far in what chairman eel has announced is that the irs...
176
176
Dec 3, 2012
12/12
by
MSNBCW
tv
eye 176
favorite 0
quote 0
and dividend taxes are not a rich tax. nor a capital gains. you're talking about pension funds, 401(k) plans, invest in companies that pay dividends. if you're expecting a dividend tax to go from 15% to 44% that, completely removes the opportunity or the incentive to buy dividend paying companies. and that's going to hurt not just the rich. that's going to hurt everybody if we see that. that's very dangerous, and it would create a massive selloff. >> one of the things that the president has done, going to congress and said, going out and encouraging people to tweet and post on facebook my 2k, meaning the $2,000 they would get in the extended tax breaks for the middle class. but he is also meeting privately with ceos. he has a bad relationship with wall street and with corporate america generally. he has presented much of this plan. what's the feedback he's getting? >> there will be a big recession if you don't get behind him. i'm finding many republican ceos -- by the way, most ceos are republican. they are on board. they are not on board with
and dividend taxes are not a rich tax. nor a capital gains. you're talking about pension funds, 401(k) plans, invest in companies that pay dividends. if you're expecting a dividend tax to go from 15% to 44% that, completely removes the opportunity or the incentive to buy dividend paying companies. and that's going to hurt not just the rich. that's going to hurt everybody if we see that. that's very dangerous, and it would create a massive selloff. >> one of the things that the president...
77
77
Nov 29, 2017
11/17
by
MSNBCW
tv
eye 77
favorite 0
quote 0
taxes. the president is going to be touting the republican tax plan as tax cuts for the middle class. harsh reality, the tax plan is really just relief for corporations and the wealthy. we're going to get to that in a few minutes. first begin with the news katy was talking about, hit particularly close to home here in msnbc. our colleague matt lauer co-host of the "today" show on nbc has been fired following a complaint of inappropriate sexual behavior by a woman who worked with him. a memo to employees sent minutes before matt would have been in the chair on the "today" show chairman of nbc news says, on monday night received a detailed complaint fra from a colleague. it rested after serious review, a clear violation of our company standards. as a result, we have decided to terminate his employment while it is the first complaint about his behavior in the over 20 years at nbc news, we were also presented with reason to believe this may not have been an isolated incident. our highest priorit
taxes. the president is going to be touting the republican tax plan as tax cuts for the middle class. harsh reality, the tax plan is really just relief for corporations and the wealthy. we're going to get to that in a few minutes. first begin with the news katy was talking about, hit particularly close to home here in msnbc. our colleague matt lauer co-host of the "today" show on nbc has been fired following a complaint of inappropriate sexual behavior by a woman who worked with him....
92
92
Apr 16, 2014
04/14
by
MSNBCW
tv
eye 92
favorite 0
quote 0
tax in the first place. in other words, good-bye to the last hundred years of american governance. that, however, is an uphill battle, even for an empowered right wing. so instead of getting rid of the irs, republicans are very successfully hollowed out and hamstrung the agency. george w. bush did his part by slashing the number of lawyers who audited wealthy americans. today's republicans are picking up right where he left off. the house subcommittee last year pushed to cut the irs' budget by 24%, despite the warnings the cuts would devastate the agency. and even though they didn't get their 24% cut, in the bipartisan deal passed late last year, the agency's budget will be $950 million less than it was in 2010. but conservatives don't just go after the agency's budget. equally important is destroying its reputation. they want every american to loathe and fear the irs as much as they do. they warneded of an army of irs agents, who would be collecting obamacare fines. >> anybody want to fire some irs agents?
tax in the first place. in other words, good-bye to the last hundred years of american governance. that, however, is an uphill battle, even for an empowered right wing. so instead of getting rid of the irs, republicans are very successfully hollowed out and hamstrung the agency. george w. bush did his part by slashing the number of lawyers who audited wealthy americans. today's republicans are picking up right where he left off. the house subcommittee last year pushed to cut the irs' budget by...
79
79
Jul 25, 2012
07/12
by
MSNBCW
tv
eye 79
favorite 0
quote 0
republicans, tax cutters. democrats, taxes up. republicans, taxes down. so right, that's what we know, right? wrong. republicans do want to cut taxes on rich people. that much is fully true, and democrats want to raise taxes on rich people. that is at least mostly true, and i say mostly for reasons i'll explain in a moment. but when we're talking about poor people, the positions reverse. democrats want to cut taxes on poor people. and republicans at the moment want to raise them. and even the rich people thing isn't so simple because you could argue that democrats and republicans both want to cut taxes on rich people, at least when it comes to their specific plans for how to deal with the bush tax cuts. now, before we get into this, i got to be honest with you. it's going to get a little weird. you know how in physics light can be both a particle and a wave? see, we have a cool little physics illustration. in washington, a particularly tax policy change can be both a tax hike and a tax cut. at the same time. crazy, right? the reason for this is a little c
republicans, tax cutters. democrats, taxes up. republicans, taxes down. so right, that's what we know, right? wrong. republicans do want to cut taxes on rich people. that much is fully true, and democrats want to raise taxes on rich people. that is at least mostly true, and i say mostly for reasons i'll explain in a moment. but when we're talking about poor people, the positions reverse. democrats want to cut taxes on poor people. and republicans at the moment want to raise them. and even the...
84
84
Jul 12, 2012
07/12
by
MSNBCW
tv
eye 84
favorite 0
quote 0
that's to raise everyone's taxes. >> he's raising the taxes like crazy. we need freedom. >> good to have you with us, folks. thanks for watching. mitt romney spoke to the naacp convention in houston, texas today. he delivered a speech short on specifics and long on tepid generalities. >> some may wonder why a republican would campaign in the african-american community and address the naacp. i hope to address every american of every race, creed, and sexual orientation. from the poorest to the richest and everyone in between. >> romney was greeted with polite applause throughout the speech, and even got some encouraging organ music. >> i can't promise you that i'll agree on every issue, but i do promise that your hospitality to me today will be returned. we will know one another. and we will work to common purpose. >> the audience gave romney their attention and a fair hearing. at the end of the speech, the crowd respectfully offered a standing ovation to the candidate. the attendees gave him some credit for showing up. unlike the previous president, george
that's to raise everyone's taxes. >> he's raising the taxes like crazy. we need freedom. >> good to have you with us, folks. thanks for watching. mitt romney spoke to the naacp convention in houston, texas today. he delivered a speech short on specifics and long on tepid generalities. >> some may wonder why a republican would campaign in the african-american community and address the naacp. i hope to address every american of every race, creed, and sexual orientation. from the...
164
164
Nov 9, 2017
11/17
by
MSNBCW
tv
eye 164
favorite 0
quote 1
taxes, some of you don't pay state and local taxes. so you won't notice that. but depending on what state you're in, you may want to keep that deduction. but that is being eliminated in the senate tax bill entirely. number two, medical expenses. right now you get to deduct medical expenses. you have to have them over a certain value to do this. most people who benefit from this make less than $100,000 a year and are older than 65. so this is going away. it's not great for the middle class or the elderly by losing this deduction. number three, the estate tax. the tax you pay on money you inherit. but the magic number here is $5.5 million. you only have to pay estate tax on the amount you inherit above $5.5 million. that's going away. donald trump may be a fan of getting rid of the estate tax. we're talking about between $500 million and $1 billion depending on how much you think he is actually worth. and check this out. during a discussion with democrats the other day on taxes, president trump said he wanted to get rid of the estate tax
taxes, some of you don't pay state and local taxes. so you won't notice that. but depending on what state you're in, you may want to keep that deduction. but that is being eliminated in the senate tax bill entirely. number two, medical expenses. right now you get to deduct medical expenses. you have to have them over a certain value to do this. most people who benefit from this make less than $100,000 a year and are older than 65. so this is going away. it's not great for the middle class or...
141
141
Oct 28, 2017
10/17
by
MSNBCW
tv
eye 141
favorite 0
quote 0
the estate tax, cutting corporate taxes, cutting the tax for the highest earners, that clearly helps the highest level, but people who day in and day out dead pepped on things like their retirement, like their 401(k), it's unclear where this plan is such a hook-up for the middle class. >> we know where it helps people out. if people in the middle class are not saving enough for retirement -- by the way, we're all living a little longer than we used to, this will become a problem for taxpayers and the government in the end. it's really important for all of us and the government that people take their retirement savings seriously and the government encourages it as much as they can. >> the sad thing is people might make the argument i'd love to contribute more, i'd love to save more but my wages haven't gone up. it's a complicated problem. >> that's a fact. >> another tight vote in congress this week. republican senators needed a tie-breaking vote from vice president mike pence to kill a rule set by the consumer financial protection bureau that allows consumers to bring class action la
the estate tax, cutting corporate taxes, cutting the tax for the highest earners, that clearly helps the highest level, but people who day in and day out dead pepped on things like their retirement, like their 401(k), it's unclear where this plan is such a hook-up for the middle class. >> we know where it helps people out. if people in the middle class are not saving enough for retirement -- by the way, we're all living a little longer than we used to, this will become a problem for...
68
68
Nov 28, 2011
11/11
by
MSNBCW
tv
eye 68
favorite 0
quote 0
raising taxes slows the economy. raising taxes kills jobs. government spending does not create jobs. the idea that if you take a dollar out of the economy and then -- from somebody who earned it, either through debt, or through taxes, and give it to somebody that's politically connected, that there are more dollars around, but if you stand on one side of the lake and put a bucket into the lake, and walk around to the other side in front of the tv cameras, pour the bucket back into the lake and announce you're stimulating the lake to great depth, we just wasted $800 billion on stimulus spending that added to debt, that killed jobs. >> but the notion that tax cuts or tax increases somehow impact economic growth, we know historically that's simply not the case. president clinton raised taxes during boom times. president bush lowered taxes, did not spur great job creation. isn't that one of the falsehoods that peddles in washington? >> no. if you take a look at when you cut marginal tax rates, the strong growth in the last six years of the '90s s
raising taxes slows the economy. raising taxes kills jobs. government spending does not create jobs. the idea that if you take a dollar out of the economy and then -- from somebody who earned it, either through debt, or through taxes, and give it to somebody that's politically connected, that there are more dollars around, but if you stand on one side of the lake and put a bucket into the lake, and walk around to the other side in front of the tv cameras, pour the bucket back into the lake and...
145
145
Dec 21, 2022
12/22
by
MSNBCW
tv
eye 145
favorite 0
quote 0
two banker box in the size of tax returns for the six years of tax returns. not so big after all. what else is new? >> senior national political reporter, it's great to see my friend. thank you for doing that speed read for us. that does it for us tonight, we will see you again tomorrow. and now it is time for the last word with lawrence o'donnell. good evening o'donnell. >> when you show those pictures of the four bankers boxes being rolled along saying these are the tax returns. i thought that would've been one year. but it turns out one of the reasons is none of us supporting documentation is there for so many of the things he is claiming in these tax returns. it is a huge break for the rule in the story and when we have been waiting for years. we are digging into pretty -- >> thanks alex. breaking news tonight is that we are all going to see donald trump's tax returns. finally as promised, three years ago in this program richard neil had obtained tax returns. we told you that richard neil would succeed. it would go to 2015 in 2020. neil has obtained them, they're gonna make it
two banker box in the size of tax returns for the six years of tax returns. not so big after all. what else is new? >> senior national political reporter, it's great to see my friend. thank you for doing that speed read for us. that does it for us tonight, we will see you again tomorrow. and now it is time for the last word with lawrence o'donnell. good evening o'donnell. >> when you show those pictures of the four bankers boxes being rolled along saying these are the tax returns. i...
46
46
Apr 9, 2019
04/19
by
MSNBCW
tv
eye 46
favorite 0
quote 0
deadline week for the trump tax returns. measuring the chaos level in the trump white house has never been an exact science but it seems that each successive white house chief of staff has made matters worse, much worse. john kelly was brought in as white house chief of staff to control the chaos that exploded under the first white house chief of staff reince priebus and now mick mulvaney's as the third is reaching new levels of chaos tonight. president trump is now on the attack against his own administration. especially anyone involved in the job of controlling the southern border. the president got rid of his homeland security secretary kristin nielsen last night. so far the president is allowing her to publicly claim that she resigned, but we will surely be seeing the "i fired her" tweets probably by the end of this week because president trump never lets any of his failed cabinet members leave without some kind of nasty i can kick as they're on their bay out the door. her last day is supposed to be wednesday of this wee
deadline week for the trump tax returns. measuring the chaos level in the trump white house has never been an exact science but it seems that each successive white house chief of staff has made matters worse, much worse. john kelly was brought in as white house chief of staff to control the chaos that exploded under the first white house chief of staff reince priebus and now mick mulvaney's as the third is reaching new levels of chaos tonight. president trump is now on the attack against his...
179
179
Jul 10, 2012
07/12
by
MSNBCW
tv
eye 179
favorite 0
quote 0
tax cuts for the rich? >> it's not just tax cuts. these whole mantra of all americans care about is tax cuts? >> they like war, too. >> it's not war, it's health care. they said we need a different system. we need a system in place where you can buy insurance across state lines and pull together. that's an inovaive idea. >> they had 30 years. he's running on what bush did and call it something different. for anyone who is not a millionaire to still vote gop is a sucker because no one has balanced a budget, no one has had a surplus since eisenhower. all they're good at is two things, redistribution of wealth and making conservative americans think it's a good think. >> i have given you the floor. >> the reason we had a balanced budget is the republicans, and where worked for the republican chairman, who worked for clinton in a bipartisan manner. >> fair enough. good discussion. i like it. keith, ron, john, thank you so much. >>> coming up, the disgrace of paying police officers and firefighters minimum wage. if it can happen in scrant
tax cuts for the rich? >> it's not just tax cuts. these whole mantra of all americans care about is tax cuts? >> they like war, too. >> it's not war, it's health care. they said we need a different system. we need a system in place where you can buy insurance across state lines and pull together. that's an inovaive idea. >> they had 30 years. he's running on what bush did and call it something different. for anyone who is not a millionaire to still vote gop is a sucker...
89
89
Nov 17, 2017
11/17
by
MSNBCW
tv
eye 89
favorite 0
quote 0
one on taxes. a recent university poll said 61% of voters think the republican tax plan will benefit the wealthy. the white house saying this plan is a working class tax cut. why the disconnect? on immigration -- >> let me answer that first question. >> okay. >> look, we've argued this tax plan benefits all americans. that's the point of it. specifically our priority is to target middle class americans and make sure that that is addressed first and that those people are prioritize in any piece of legislation versus either the house or the senate. but at the same time we want all americans to benefit by growing the economy and a tax system that actually works for our country versus one that penalizes people. we're going to keep moving because we're tight. john? >> and ask you the same thing i asked kevin. six republican senators, no or seriously on the fence here. can you win enough over in order to pass this? and if the president gets snookered again by the senate? what'ses his reaction? >> we're c
one on taxes. a recent university poll said 61% of voters think the republican tax plan will benefit the wealthy. the white house saying this plan is a working class tax cut. why the disconnect? on immigration -- >> let me answer that first question. >> okay. >> look, we've argued this tax plan benefits all americans. that's the point of it. specifically our priority is to target middle class americans and make sure that that is addressed first and that those people are...
111
111
Sep 28, 2020
09/20
by
MSNBCW
tv
eye 111
favorite 0
quote 1
you refer to your income taxes and property taxes or sales taxes. you never ever use the phrase "personal taxes" because there is no such thing. that statement has no meaning whatsoever as has no legal meaning. he's very studiously refusing to use the word income taxes. if we are to be generous and assume the president's lawyer is more honest than the president, the president's lawyer is not just playing and lying trump's style than we have to do some wild guesses. does it mean that when he pays social security taxes or employees who work for him. he's counting that as donald trump paying taxes to the federal government? those taxes -- that's true. but there is no employers in the world who calls it paying their own personal taxes. that's not what it is. so you think about the range of federal taxation that there is various in the economic activity that is we have. it is absolutely no personal federal tactics that donald trump pays. that's why the lawyer won't tell you anything about what that is. that's just language. >> what about the other piece
you refer to your income taxes and property taxes or sales taxes. you never ever use the phrase "personal taxes" because there is no such thing. that statement has no meaning whatsoever as has no legal meaning. he's very studiously refusing to use the word income taxes. if we are to be generous and assume the president's lawyer is more honest than the president, the president's lawyer is not just playing and lying trump's style than we have to do some wild guesses. does it mean that...
113
113
Dec 14, 2017
12/17
by
MSNBCW
tv
eye 113
favorite 0
quote 0
like this tax bill. like their effort to blow up the affordable care act, but democrats have put forward a message. you heard doug jones down in alabama talking about how it's important to protect children's health insurance. in alabama, doug jones said he was for tax reform. he's just for tax reform that actually does lift wages for the middle class. so democrats are running on kitchen table issues, but you've got a lot of republicans, like roy moore, who are running on this divisive, polarized trump politics, and i think people are going to remember that donald trump went down to the florida/alabama border and said that roy moore reflects republican party values. >> do you think you can still use roy moore as a 2018 issue? >> there were lots of republican senate candidates who either supported roy moore or refused to take a position, and i think given -- >> you're going to remind voters of that, if necessary? >> we will remind voter of that just like we will remind them six months from now that republi
like this tax bill. like their effort to blow up the affordable care act, but democrats have put forward a message. you heard doug jones down in alabama talking about how it's important to protect children's health insurance. in alabama, doug jones said he was for tax reform. he's just for tax reform that actually does lift wages for the middle class. so democrats are running on kitchen table issues, but you've got a lot of republicans, like roy moore, who are running on this divisive,...
78
78
Apr 4, 2019
04/19
by
MSNBCW
tv
eye 78
favorite 0
quote 0
tax return. here's what the law actually says. the secretary shall furnish such committee with any return or return information specified in such request. and so tonight at 6:00 p.m., chairman richard neal of the house ways and means committee sent this letter demanding six years of president trump's personal tax returns and his business tax returns and all information about those tax returns in possession of the irs, including whether any of those tax returns have been audited, something the president has always claimed as his reason for not releasing his tax returns. chairman richard neal and his staff have been working for months on this letter to make sure they were asking for exactly what they need to get a full picture of donald trump's tax compliance and to make sure they were following the letter of the law in making this request. every member of the house ways and means committee knew that at some point, this day was coming. and so our next guest, senior member of the committee, lloyd do
tax return. here's what the law actually says. the secretary shall furnish such committee with any return or return information specified in such request. and so tonight at 6:00 p.m., chairman richard neal of the house ways and means committee sent this letter demanding six years of president trump's personal tax returns and his business tax returns and all information about those tax returns in possession of the irs, including whether any of those tax returns have been audited, something the...
117
117
Dec 19, 2017
12/17
by
MSNBCW
tv
eye 117
favorite 0
quote 1
they're calling it a tax scam, not a tax plan. they believe the republicans are pulling wool over the eyes of the american public in order to give corporations a big tax cut and the wealthy a big tax cut. lee zelden, not a fan of this bill. he doesn't feel like it is fair for new york. he feels like it is unfairly targeting new york. the states like california, like new york, like new jersey who rely on that tax deduction because the taxes in those places are so high, the state and local taxes are so high, is that going to haunt republicans? you can see vice president pence saying it is a great day for america. >> this bill is basically a compromise between the swamp and red state republicans. the swamp got to keep a huge number of tax breaks and get a lower corporate tax rate and they paid for it with stuff like the salt reduction. they will punish people who live in high tax states that have chosen to provide more services and have a higher tax base and punish them and say we are not going to let you deduct it on taxes. so if yo
they're calling it a tax scam, not a tax plan. they believe the republicans are pulling wool over the eyes of the american public in order to give corporations a big tax cut and the wealthy a big tax cut. lee zelden, not a fan of this bill. he doesn't feel like it is fair for new york. he feels like it is unfairly targeting new york. the states like california, like new york, like new jersey who rely on that tax deduction because the taxes in those places are so high, the state and local taxes...
125
125
Sep 19, 2011
09/11
by
MSNBCW
tv
eye 125
favorite 0
quote 0
>> no, i'm talking about 47% of working americans pay no federal income tax. >> but sales tax, city taxes. all kinds of taxes. they pay fees. so this notion you said they pay nothing, that is totally not fair and part of the class warfare card that the republicans continue to play. you guys are playing the heck out of that card. >> you cut me off. excuse me. >> that support the job -- >> what you said is absolutely not the truth. i said 47 of americans pay no federal income tax. didn't talk about state. and you said, well that's not true. that is a true statement. >> after that, you said they pay nothing. >> no. actually, i said they paid no federal income tax. going back to what thomas said and talking about buffett rule of wealthy corporations, this is another big line that the president just put out there. warren buffett pays himself an extraordinarily low salary. why? so he can cash in a 15% capital gains rate -- >> and we want to correct that, ron. >> and i think we should. but the president, well, the president is out dl actually speaking half truths. using the usual obama argument.
>> no, i'm talking about 47% of working americans pay no federal income tax. >> but sales tax, city taxes. all kinds of taxes. they pay fees. so this notion you said they pay nothing, that is totally not fair and part of the class warfare card that the republicans continue to play. you guys are playing the heck out of that card. >> you cut me off. excuse me. >> that support the job -- >> what you said is absolutely not the truth. i said 47 of americans pay no...
166
166
Jul 8, 2012
07/12
by
MSNBCW
tv
eye 166
favorite 0
quote 0
tax, say it. tax. tax. it's -- but that is why they tie themselves into pretzel knots all week because that is the one place where the republican party has been incredibly consistent and discipline. >> and would act accordingly that is grover norquist tax pledge is the major pillar of the republican party. it also, realistically, happens to be the biggest obstacle to doing anything about any of our serious problems. >> here's the "wall street journal" attacking, went on chuck todd's program to say, you know, it's penalty. because you wanted to preserve him, romney from being attacked to raising taxes. "wall street journal" said he's managing to turn the only possible silver lining in chief justice john robert' obamacare -- the campaign looks confused in addition to being politically dumb." here's rush limbaugh, this is rush limbaugh running with the critique of obamacare in quotation marks as a big increase. >> what we have been told by the chief justice of the supreme court and four liberals on the court,
tax, say it. tax. tax. it's -- but that is why they tie themselves into pretzel knots all week because that is the one place where the republican party has been incredibly consistent and discipline. >> and would act accordingly that is grover norquist tax pledge is the major pillar of the republican party. it also, realistically, happens to be the biggest obstacle to doing anything about any of our serious problems. >> here's the "wall street journal" attacking, went on...
102
102
Jul 10, 2012
07/12
by
MSNBCW
tv
eye 102
favorite 0
quote 0
the middle tax tax cut is the hostage this time. he said he learned this lesson during the dent ceiling debate last year. we did learn this, it's a hostage that's worth ransoming and it focused the congress on something that must be done. this is why the obama camp is pushing the tax message right now and it's really a brilliant move. in a campaign memo two weeks ago, the white house adviser explains why this was a fight to win. if republicans want to talk about taxes, we're happy to have that debate. they'll rax taxes on middle class families to give millionaires and billionaires a $250,000 tax cut. recent analysis proves this to be true, for example, if you're a person who makes between $50,000 and $100,000 a year, listen up. your taxes will go up nearly $4,500 under the republican plan to offset the tax cuts for the wealthiest americans. that's how they want to play the game. the big question tonight, is whether democrats will follow the president's lead. this is where the president of the united states needs every democrat out o
the middle tax tax cut is the hostage this time. he said he learned this lesson during the dent ceiling debate last year. we did learn this, it's a hostage that's worth ransoming and it focused the congress on something that must be done. this is why the obama camp is pushing the tax message right now and it's really a brilliant move. in a campaign memo two weeks ago, the white house adviser explains why this was a fight to win. if republicans want to talk about taxes, we're happy to have that...
90
90
Dec 5, 2011
12/11
by
MSNBCW
tv
eye 90
favorite 0
quote 0
cut, it amounts to a tax hike. now we see the president and democrats making that exact same argument with regard to the payroll tax cut extension. >> it's what happens. it happened with the bush tax cuts a couple times. it really begs the question of will this ever end. it was raised in a few columns this morning if the litmus test is this is a tax increase if you don't extend it, it's going to happen next year. what a lot of republicanings are saying is listen, we have to live within our means. there are certain tax cuts, certain breaks that feel great and are popular. we have to look at it within the larger map of what's happening with our fiscal situation. are we cutting spending enough? if we're going to use a tax code are we doing it in a way that does it as efficient as possible possible. >> is there room for some compromises, i saw some proposals about not as much as a payroll tax cut or in terms of how it's paid for? there's got to be room for negotiation here. >> unlike most fights in washington there's o
cut, it amounts to a tax hike. now we see the president and democrats making that exact same argument with regard to the payroll tax cut extension. >> it's what happens. it happened with the bush tax cuts a couple times. it really begs the question of will this ever end. it was raised in a few columns this morning if the litmus test is this is a tax increase if you don't extend it, it's going to happen next year. what a lot of republicanings are saying is listen, we have to live within...
74
74
Apr 27, 2017
04/17
by
MSNBCW
tv
eye 74
favorite 0
quote 0
so in real tax reform, reagan tax reform, if you cut an income tax rate, then you have to eliminate enough deductions to make up for the money lost in the reduction of that income tax rate. that's what tax reform is. if you don't do that part of it, it's just a tax cut. we have not had tax reform since 1986 because tax reform is the single most difficult thing you can do with the tax code. we have had tax increases since 1986. big ones. we have had tax cuts since 1986, really big ones. president george w. bush ran for reelection on a platform of tax reform and social security reform. and both of those are so difficult that george w. bush did not get even a single hearing on tax reform in the congress, or social security reform. not a single vote was taken in a committee or on the floor in the house or the senate for george w. bush's tax reform idea. president george w. bush got absolutely nowhere on tax reform. but he did get that giant tax cut in his first year as president because tax cuts are easy. everyone wants to vote for a tax cut. ronald reagan was genuinely concerned with the fair
so in real tax reform, reagan tax reform, if you cut an income tax rate, then you have to eliminate enough deductions to make up for the money lost in the reduction of that income tax rate. that's what tax reform is. if you don't do that part of it, it's just a tax cut. we have not had tax reform since 1986 because tax reform is the single most difficult thing you can do with the tax code. we have had tax increases since 1986. big ones. we have had tax cuts since 1986, really big ones....
0
0.0
Oct 1, 2017
10/17
by
MSNBCW
quote
eye 0
favorite 0
quote 1
>> we believe people should pay tax taxes once not twice. so i separate it. the purpose of getting rid of estate tax so people have farms and people that have family businesses can continue to pass those on. >> so does anybody pay more? >> again, we'll go through the details as we have them. we'll have full transparency. but the president has been very clear, and i've been clear from the beginning, our objective is not to create tax cuts for the wealthy. our objective is about creating middle incomes tax cuts. but as you know, one of the things we are trying to do is eliminate lots and lots of deductions. one of those deductions is about getting the federal government out of the business of subsidizing the states. so this will have different impacts to people in different states. and we are sensitive to that. >> so the goal is -- you know, a lot of this tax plan, and came through in the health care plan too, seems as if the end of the day red states benefit, blue states get punished. is this issue on the estate taxes not being able to write them off anymore,
>> we believe people should pay tax taxes once not twice. so i separate it. the purpose of getting rid of estate tax so people have farms and people that have family businesses can continue to pass those on. >> so does anybody pay more? >> again, we'll go through the details as we have them. we'll have full transparency. but the president has been very clear, and i've been clear from the beginning, our objective is not to create tax cuts for the wealthy. our objective is about...
82
82
Sep 29, 2017
09/17
by
MSNBCW
tv
eye 82
favorite 0
quote 0
the trump tax plan cuts every income tax rate except the bottom tax rate. not cutting the bottom tax rate along with the other rates would be politically problematic enough but the republican plan that president trump is now the front man for does something much worse than that. it actually raises the bottom tax rate from 10% to 12%. that's a 2 percentage point bracket increase for the people who can least afford to pay income taxes while the people who can most afford to pay income taxes get a 4.6 percentage point bracket reduction. the bracket reduction for the rich is more than double the bracket increase for the poorest income tax filers. is donald trump really the only republican who knows how bad that looks? or, is donald trump just the first republican in washington to recognize how bad that looks, and how bad that policy actually is? it wasn't always this way for republicans. when president george w. bush did his deficit exploding tax cuts, he included the political master stroke of cutting the bottom tax bracket the most. president george w. bush c
the trump tax plan cuts every income tax rate except the bottom tax rate. not cutting the bottom tax rate along with the other rates would be politically problematic enough but the republican plan that president trump is now the front man for does something much worse than that. it actually raises the bottom tax rate from 10% to 12%. that's a 2 percentage point bracket increase for the people who can least afford to pay income taxes while the people who can most afford to pay income taxes get a...
114
114
Jan 2, 2013
01/13
by
MSNBCW
tv
eye 114
favorite 0
quote 0
tax credit, and expansion of a college tax credit. these single most progressive elements of the current tax code, they help the poor hugely. these are big increases in incomes for the actual working poor. obviously, the best argument you can make out of it is it is very large based, largely progressive. you don't pay payroll taxes over $110,000, but tax cuts for $80,000, $90,000. >> thank you very much, ezra klein. we really appreciate it. >>> we will come back, and when we do, more about the blood clot that's causing secretary of state hillary clinton's hospitalization, also a live update on concerns and her condition next. >>> secretary of state hillary clinton remains in the hospital as doctors continue to treat a blood clot stemming from a concussion she suffered last month. joining us now with more is nbc's chief science and health correspondent, bob bozel. bob, thank you very much for being here. >> my pleasure, joy. >> can you give us an update on secretary clinton's condition? >> doing very well, responding perfectly to treat
tax credit, and expansion of a college tax credit. these single most progressive elements of the current tax code, they help the poor hugely. these are big increases in incomes for the actual working poor. obviously, the best argument you can make out of it is it is very large based, largely progressive. you don't pay payroll taxes over $110,000, but tax cuts for $80,000, $90,000. >> thank you very much, ezra klein. we really appreciate it. >>> we will come back, and when we do,...
58
58
Oct 2, 2016
10/16
by
MSNBCW
tv
eye 58
favorite 0
quote 0
he's paid hundreds of millions in payroll taxes, sales taxes, property taxes. >> we get that, steve, but federal taxes, let's get to that. in the debate, and he's said on the campaign trail we need to fix our systems, education, infrastructure, the broken roads, this, that, and the other. he says he's the right choice to fix our crooked system, but he has apparently taken advantage of that exact system to get out of paying taxes for some years, which he says makes him smart. how do you expect voters to trust him from a system he's benefited so hugely? >> fair question, but i think most americans respect using every legal tactic to pay as little as they can in taxes. as americans, we hate taxes and all of us will do what we can within the law to avoid paying taxes. what i would say, don't hate the player, hate the game. the game is rigged. it's crony capitalism out of d.c. and the tax code is exhibit "a" in that rotten system and mr. trump wants to smash the current tax code, wants to smash special interests and have a simplified, flat, and far lower rated tax system. >> steve, whatev
he's paid hundreds of millions in payroll taxes, sales taxes, property taxes. >> we get that, steve, but federal taxes, let's get to that. in the debate, and he's said on the campaign trail we need to fix our systems, education, infrastructure, the broken roads, this, that, and the other. he says he's the right choice to fix our crooked system, but he has apparently taken advantage of that exact system to get out of paying taxes for some years, which he says makes him smart. how do you...
112
112
Dec 11, 2012
12/12
by
MSNBCW
tv
eye 112
favorite 0
quote 0
ronald reagan also cut taxes as president. so what was reagan? a tax raiser or a tax cutter? the answer is both. and the tax raiser side of reagan would be condemned in today's republican party. much was made this year on this program and elsewhere that ronald reagan could not possibly have won the republican nomination for president in 2012 without changing his positions on everything. bill clinton left nothing after his presidency. no democratic legislative monument. bill clinton had a cooperative congress, democratic congress for only two of his eight years. in those two years, the most important legislative achievements he accomplished were two trade bills and one budget bill. the two international trade bills had been mostly negotiated by the republican presidents before him and had strong support from republicans and democrats. the north american free trade agreement and the world free trade agreement that created the wto are the most important things left standing today from the clinton presidency. in his first year, clinton bravely pushed through a democratic congress
ronald reagan also cut taxes as president. so what was reagan? a tax raiser or a tax cutter? the answer is both. and the tax raiser side of reagan would be condemned in today's republican party. much was made this year on this program and elsewhere that ronald reagan could not possibly have won the republican nomination for president in 2012 without changing his positions on everything. bill clinton left nothing after his presidency. no democratic legislative monument. bill clinton had a...
129
129
Oct 3, 2016
10/16
by
MSNBCW
tv
eye 129
favorite 0
quote 1
you won't release your taxes? you're not paying any taxes? he's not fit to be president of the united states of america. >> congressman john lewis, thank you so much. we greatly appreciate you joining us to talk about many things, especially though this big event celebrating culture and challenging people to do more. thank you so much. >> thank you. >>> up next, hurricane matthew roars through the caribbean. we'll take you live to haiti. very disturbing images as people scrambling to brace themselves for dangerous winds and more than 2 feet of rain expected to drench the island. >>> plus, kim kardashian held at gunpoint inside her paris hotel room, robbed of millions of dollars worth of jewelry as kanye is performing in new york. he's told live on stage about this scary moment for his wife. we'll have the latest on what happened to her. i'm claudine and i quit smoking with chantix. by the time i was 30, i said "that's it, i'm a smoker for life." i wanted to be a non-smoker and i did it thanks to chantix. along with support, chantix (varenicli
you won't release your taxes? you're not paying any taxes? he's not fit to be president of the united states of america. >> congressman john lewis, thank you so much. we greatly appreciate you joining us to talk about many things, especially though this big event celebrating culture and challenging people to do more. thank you so much. >> thank you. >>> up next, hurricane matthew roars through the caribbean. we'll take you live to haiti. very disturbing images as people...
49
49
Dec 20, 2017
12/17
by
MSNBCW
tv
eye 49
favorite 0
quote 0
taxes down! hey, hey! >> we'll get your taxes down, don't worry. we now know definitively which promise the president would keep. it was most certainly not his vows to fight for the forgotten man. it was a promise to a bunch of rich people eating $36 burgers, that he would cut their taxes and make them even richer. donald trump has proven time and again his populist message was basically con. a candidate who promised to fight for the working man, elected to fill his cabinet with goldman sachs billionaires, who helped craft a tax bill that enriches himself and wealthy members of congress, while leaving mostly scraps for everyone else. cnbc editor at large john harwood, you have really reported on this bill. distribution al distributionally how do you see it? >> this bill is essentially a corporate tax cut, a business tax cut. because in addition to the corporations you've got all the pass-through businesses which get a -- the owners of a lot of pass-through businesses such as president trump himself. i think what the president is doing is -- during
taxes down! hey, hey! >> we'll get your taxes down, don't worry. we now know definitively which promise the president would keep. it was most certainly not his vows to fight for the forgotten man. it was a promise to a bunch of rich people eating $36 burgers, that he would cut their taxes and make them even richer. donald trump has proven time and again his populist message was basically con. a candidate who promised to fight for the working man, elected to fill his cabinet with goldman...
182
182
Apr 15, 2012
04/12
by
MSNBCW
tv
eye 182
favorite 0
quote 0
it's like do your taxes under tax system a, do your taxes under tax system b and pay whichever is the higher amount. why on earth do we have two completely different tax systems. it makes no sense. and when people talk about complexity. they start talking about tax rates, you can have five tax rates, there's nothing complex about that. >> you can calculate a tax rate across a curve. >> it would be super simple. we have to stop hiding spending through the tax code and congress loves to do this. because once you can get some spending into the tax code, it doesn't have to be re-authorized every year. it doesn't get revisited. and nobody asks, is this efficient spending in are we getting bang for our buck? we just jam our spending through the tax code and then we get an increasingly more and more complex tax code that people hate to do. and then we, end up having these conversations are we having class warfare, are we taxing the wealthy too much? these are absurd. simplicity could happen tomorrow. >> the fact that it's invisible. fact that all of our basically, all of our spending on most
it's like do your taxes under tax system a, do your taxes under tax system b and pay whichever is the higher amount. why on earth do we have two completely different tax systems. it makes no sense. and when people talk about complexity. they start talking about tax rates, you can have five tax rates, there's nothing complex about that. >> you can calculate a tax rate across a curve. >> it would be super simple. we have to stop hiding spending through the tax code and congress loves...
240
240
Oct 24, 2011
10/11
by
MSNBCW
tv
eye 240
favorite 0
quote 0
tax. the answer to both questions is -- you bet, you guessed it -- mitt romney. romney is just the latest member of the republican parade to shift the tax burden from the wealthy to the middle class. >>> plus, had enough of republicans just saying no to anything president obama wants? so has the president. he's begun a new campaign, we can't wait, that's what it's called. as in, we can't wait for congress to act. the president plans unilateral executive branch actions to boost the economy. he kicks it off today in nevada to help struggling homeowners hang on to their houses. >>> and a new poll shows the country's overwhelming support for the sentiments of those wall street occupiers. >>> let me finish tonight with an easy way to understand the evils on wall street. >>> we start with rick perry gone birther. david corn's an msnbc political analyst and mother jones washington bureau chief. and we're also joined by wayne slater. thank you, gentlemen, for joining us. here's a portion of that p
tax. the answer to both questions is -- you bet, you guessed it -- mitt romney. romney is just the latest member of the republican parade to shift the tax burden from the wealthy to the middle class. >>> plus, had enough of republicans just saying no to anything president obama wants? so has the president. he's begun a new campaign, we can't wait, that's what it's called. as in, we can't wait for congress to act. the president plans unilateral executive branch actions to boost the...
113
113
Dec 20, 2017
12/17
by
MSNBCW
tv
eye 113
favorite 0
quote 0
tax cuts. we'll dig into why the house needs a bit of a redo today. >>> gary has watched our president interact with putin. he thinks president trump is playing into what the crekremli wants. that's coming up on morning joe. [ keyboard clacking ] [ click ] [ keyboard clacking ] [ clacking continues ] good questions lead to good answers. our advisors can help you find both. talk to one today and see why we're bullish on the future. yours. talk to one today and see why we're bullish on the future. bp's natural gas teams use smart app technology to share data from any well instantly. so they can analyze trends and stop potential problems in their tracks. because safety is never being satisfied and always working to be better. we're on a mission to show drip coffee drinkers, it's time to wake up to keurig. wakey! wakey! rise and shine! oh my gosh! how are you? well watch this. i pop that in there. press brew. that's it. so rich. i love it. that's why you should be a keurig man! full-bodied. are you
tax cuts. we'll dig into why the house needs a bit of a redo today. >>> gary has watched our president interact with putin. he thinks president trump is playing into what the crekremli wants. that's coming up on morning joe. [ keyboard clacking ] [ click ] [ keyboard clacking ] [ clacking continues ] good questions lead to good answers. our advisors can help you find both. talk to one today and see why we're bullish on the future. yours. talk to one today and see why we're bullish on...
78
78
Sep 19, 2011
09/11
by
MSNBCW
tv
eye 78
favorite 0
quote 0
side, you're increasing taxes. there are no economists who will tell you that's true. we get into these very muted conversations about what is tax and spending, when what we need to be doing is saying, is this way of cutting the deficit better than that one and is this way of creating jobs better than that one? this move the gop has made, which is to put everything in the tax code off the table, you can't attack the deficit that way. >> all right. ezra cline, we will watch as it all develops. we're waiting for the president who is scheduled to appear in the rose garden about 20 minutes from now. should those earn a million dollars a year pay higher income taxes than those earning less and do you think the millionaire tax would help or hurt the economy? head to tv.msnbc.com to vote or send me a twees. >>> stories of heroism as well as unspeakable heartbreak are e mernling following the deadly air show crash that killed nine and injured more than 70 in reno over the weekend and now, new crash site evidence may help i
side, you're increasing taxes. there are no economists who will tell you that's true. we get into these very muted conversations about what is tax and spending, when what we need to be doing is saying, is this way of cutting the deficit better than that one and is this way of creating jobs better than that one? this move the gop has made, which is to put everything in the tax code off the table, you can't attack the deficit that way. >> all right. ezra cline, we will watch as it all...
172
172
Sep 25, 2012
09/12
by
MSNBCW
tv
eye 172
favorite 0
quote 0
tax policy. we as latinos have children and a lot of us have children and have families. we care about their education. romney just wants to cut that education budget. >> let me ask you about the taxes. do you think the 14% rate going back to a story we covered earlier tonight is a conversation in the latino community? middle-class families? lower income families, is it a fair rate? is this going to hurt him? >> i think here's the problem. most of us would lose our deductions for our kids of $2,000 just so that he can give a $250,000 deduction for millionaires? i mean we're middle class families. it's not going to go over well with latinos. and the latinos that are actually supporting romney better wake up and smell the cafe con leche. that's all i have to say. >> annette taddeo, thank you for your time. i appreciate it. >>> coming up, mitt romney proves he doesn't understand the science of aviation. you won't believe what he said. stay tuned. [ male announcer ] introducing a stunning work of tec
tax policy. we as latinos have children and a lot of us have children and have families. we care about their education. romney just wants to cut that education budget. >> let me ask you about the taxes. do you think the 14% rate going back to a story we covered earlier tonight is a conversation in the latino community? middle-class families? lower income families, is it a fair rate? is this going to hurt him? >> i think here's the problem. most of us would lose our deductions for...
156
156
Aug 3, 2012
08/12
by
MSNBCW
tv
eye 156
favorite 0
quote 0
mitt romney's tax plan or independent analysis of romney's tax plan? text a for mitt's tax plan. text b for the analysis to 622639. or go to our blog at ed.msnbc.com. i'll bring you the results later in the show. i'm joined by patrick gaspard and karen finney. msnbc political analyst and form he communications director for the dnc. it's a dnc kind of night tonight. i want to return to mitt romney on cnbc a few months ago. let's listen. >> i haven't laid out the details how we'll deal with each of the deductions and exceptions. i think it's funny for them to score it because it can't be scored. those details will have to be worked out with congress and we have a wide array of options. >> is that comment coming back to bite mitt romney where he couldn't sit reasonably in the saddle of the horse he claims not to own? >> good to be on, michael. that comment is absolutely ludicrous and comical if not for the stakes we're contending with. mitt romney has laid out a plan that clearly raises taxes by an average of $2,000 per family on folks making less than $200,000 a year in order to pa
mitt romney's tax plan or independent analysis of romney's tax plan? text a for mitt's tax plan. text b for the analysis to 622639. or go to our blog at ed.msnbc.com. i'll bring you the results later in the show. i'm joined by patrick gaspard and karen finney. msnbc political analyst and form he communications director for the dnc. it's a dnc kind of night tonight. i want to return to mitt romney on cnbc a few months ago. let's listen. >> i haven't laid out the details how we'll deal with...
23
23
Apr 17, 2018
04/18
by
MSNBCW
quote
eye 23
favorite 0
quote 1
they're hoping to close a huge loophole. >>> to tax or not to tax. that is the question worth billions. online usually the answer is no. but in the store, customers are on the hook. why? that is because of a supreme court ruling that says states can only collect sales tax if a retailer has a physical presence in the state. a lot of online stores are able to sidestep the taxes. that ruling was from 1992 when the word online usually meant where you stood a checkout. now it's totally obsolete in today's age of e-commerce. but not everyone agrees. >> these small businesses are just getting started, and having to pay another tax will eat into their revenues. and be passed on to the consumer. >> reporter: the potential wind fall to states if the ruling is overturned? nearly $14 billion last year. also the retile industry leading group which says retailers have long supported closing the legal loophole that has given giant online sellers a distinct competitive advantage over local brick and mortar stores. but this man makes his living online and says keepin
they're hoping to close a huge loophole. >>> to tax or not to tax. that is the question worth billions. online usually the answer is no. but in the store, customers are on the hook. why? that is because of a supreme court ruling that says states can only collect sales tax if a retailer has a physical presence in the state. a lot of online stores are able to sidestep the taxes. that ruling was from 1992 when the word online usually meant where you stood a checkout. now it's totally...
60
60
Oct 17, 2011
10/11
by
MSNBCW
tv
eye 60
favorite 0
quote 0
sales tax, you pay more in taxes. >> more people will pay less in taxes. more people will pay less in taxes. >> mr. cain, we talked to independent analysts ourselves. >> yes. >> we're not just reading newspaper clips here. >> i understand. >> they tell us they've looked at thibased on what's available and it's incontrovertible. there are people who will pay more. >> that's right. some people will pay more. but most people will pay less is my argument. >> who will pay more? >> who will pay more? the people who spend more money onew goods. the sales tax only applies to people who buy new goods. not used goods. that's a big difference that doesn't come out. for those 30 million americans who don't pay income tax, including 16 million elderly americans, you concede they would, in fact, pay more. >> not the elderly. that's two different groups. let's talk about the eldly. you don't pay taxes on your social security income. it replaces the capital gains tax. many of the elderly make money off of their investments, they won't pay that. tax on dividends and tax on
sales tax, you pay more in taxes. >> more people will pay less in taxes. more people will pay less in taxes. >> mr. cain, we talked to independent analysts ourselves. >> yes. >> we're not just reading newspaper clips here. >> i understand. >> they tell us they've looked at thibased on what's available and it's incontrovertible. there are people who will pay more. >> that's right. some people will pay more. but most people will pay less is my argument....
153
153
Sep 2, 2011
09/11
by
MSNBCW
tv
eye 153
favorite 0
quote 0
look at the tax federal burden, doesn't include just income tax, payroll tax, state and local tax, property taxes, we've got a chart i want to put up. look at the total tax burden in the united states, the top 1% average until about $1.3 million, earn about 19.4% of the income and pay about 21.5% of total taxes. slightly more than income share but not something the slippery slope to sweden. the middle 20% average income around $55,000 earned 13% of the income, pay around 10% of taxes. bottom 20%, struggling. $17,000, just 2% of the taxes. we don't have a remarkably progressive tax system. you could make an argument we should actually have something somewhat more progressive. i don't understand what's not fair about that and why those who are best off, especially in a time of war, shouldn't be asked to pay more to contribute to the fiscal adjustment we know the nation needs? >> all right. that's a very long question, and there's premise. >> part statement. part question. >> and there are premises in the statement that i would take issue with. >> like -- >> most of the money that is paid in -
look at the tax federal burden, doesn't include just income tax, payroll tax, state and local tax, property taxes, we've got a chart i want to put up. look at the total tax burden in the united states, the top 1% average until about $1.3 million, earn about 19.4% of the income and pay about 21.5% of total taxes. slightly more than income share but not something the slippery slope to sweden. the middle 20% average income around $55,000 earned 13% of the income, pay around 10% of taxes. bottom...
62
62
Sep 22, 2012
09/12
by
MSNBCW
tv
eye 62
favorite 0
quote 0
also a tax avoidance scheme. an attempted $77,000 write off on his tax returns. mr. romney's first release of his tax returns earlier this showed invests in switzerland, a swiss bank account where money can have a very nice view and can be shielded from american taxes. mitt romney's entire adult life has been one long boring plot to dodge taxes at one level or another. that's what rich people do, certain kinds of rich people. that's what makes the specifics so exotic and therefore so interesting. that's why people want to see his actual returns for multiple years. they don't just want to take his word for it. today he released one year's tax returns but the other years still holding back. today they released a summary of 20 years. they are not releasing the tax returns. they are not releasing specific details. they are just leasing a summary of what tax rate he paid. he's had to release summaries of his financial situation in the past. mitt romney had to do that this year. rick santorum, rick perry, all these guys had to do that. mitt romney has hidden stuff that cou
also a tax avoidance scheme. an attempted $77,000 write off on his tax returns. mr. romney's first release of his tax returns earlier this showed invests in switzerland, a swiss bank account where money can have a very nice view and can be shielded from american taxes. mitt romney's entire adult life has been one long boring plot to dodge taxes at one level or another. that's what rich people do, certain kinds of rich people. that's what makes the specifics so exotic and therefore so...